A strategic equity line gives the Nasdaq-listed company flexible $5 billion in buying power for SOL tokens while compounding staking yields in a bold crypto treasury play.
On June 12, Solana (SOL)-focused crypto treasury firm DeFi Development Corp. announced it has secured a $5 billion line of credit to accumulate additional SOL tokens and accelerate its SOL Per Share (SPS) metric.
According to the statement, DeFi Development entered into a share purchase agreement with RK Capital Management LLC to issue and sell common stock in order to raise the funds. The company expects to access the facility after meeting customary conditions, including filing a registration statement on Form S-1 with the U.S. Securities and Exchange Commission.
Unlike fixed-price equity offerings with large upfront issuances, the agreement uses a “capital-on-demand” model, giving DeFi Development flexibility to raise capital gradually and time deployments with favorable market conditions.
The company said this structure enables it to scale on its own terms while compounding validator yield and maximizing long-term shareholder value without locking in prices during market volatility.
“We now have the flexibility and structure we need to scale,” said Joseph Onorati, Chief Executive Officer. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.”
The move marks a major milestone for DeFi Development, the first publicly traded U.S. company to adopt a Solana-focused treasury policy. According to the statement, the strategy is designed to give investors direct exposure to SOL while supporting the broader growth of the Solana ecosystem.
The $5 billion facility positions DeFi Development as a central liquidity engine within the Solana network, while offering traditional investors access to blockchain-native yields. The company’s validator strategy generates staking rewards and delegation fees, reinforcing Solana’s decentralization and aligning its dual role as both investor and infrastructure operator with long-term ecosystem health.
Formerly a real estate software company known as Janover, DeFi Development pivoted to a Solana-native strategy in April after a group of former Kraken executives acquired a majority stake.
As of its last reported acquisition on May 15, the company purchased 16,447 SOL for $2.3 million. It now holds a total of 609,190 SOL, worth over $97 million at current prices.
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